I came across two interesting articles that support my theory regarding the declining rates rental market in Miami and South Beach.  It is important that we fully understand the reasons why rental rates have lowered and why they may continue to lower for another year. In addition to the reasons the articles mention, Miami recently added about 10,000 units to the downtown, midtown and Brickell areas. Not all of those units are rental but the majority is or will be soon.

When working with either a rental customer or a listing client the goal is to close the deal while representing your customer/clients best interest.

That does not mean trying to get your listing client to accept the first offer that comes along.

By fully understanding local market conditions, including what has rented, how much rates have lowered and levels of vacancy we will be able to give our clients the information needed to make the best educated choice.

Get the latest information on available rentals and recently rented units.  Go to your building of choice then select see rental units. Or see some popular buildings listed below.

Waverly of South Beach Rentals

Icon of South Beach Rentals

Quantum on the Bay Rentals

900 Biscayne Rentals

Reference: Mish’s Global Economic Trend Analysis: NYC Apartment Rents Drop 7-10 Percent, National Vacancies Highest in 22 Yea